Kevin Divney, chief investment officer at Beaconcrest Capital Management, says investors are looking for profit margins to increase by 50 basis points on average over the course of second-quarter earnings season. Divney says investor focus will then turn to how the performance of corporate America will translate to the macro economy. Divney says investors and strategists are looking for 5 percent top-line growth and 6 percent bottom-line growth in the second quarter. Divney likes pro-cyclical industries from energy (specifically drillers and exploration companies) to enterprise software to managed care. Divney speaks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s "The Hays Advantage" during a special broadcast from Granite Links Golf Club in Quincy, Massachusetts, for the Audi Quattro Cup to benefit Best Buddies. The event is sponsored by New England Audi Dealers.
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